SCHEDULES
SCHEDULE 18Company tax returns, assessments and related matters
Part IVEnquiry into company tax return
Amendment of return after enquiry
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1
The company has 30 days beginning with the day on which the enquiry is completed in which—
a
to amend the return that was the subject of the enquiry—
i
to accord with the conclusions stated in the closure notice, and
ii
in the case of a return for the wrong period, to make it a return appropriate to the designated period, and
b
to make any amendments of other company tax returns delivered by it which are required to give effect to the conclusions stated in the closure notice.
The time limits otherwise applicable to amendment of a company tax return do not prevent an amendment being made under paragraph (a) or (b).
2
If after the end of that period of 30 days the Inland Revenue are not satisfied—
a
that the return that was the subject of the enquiry—
i
is correct and complete, and
ii
in the case of a return for the wrong period, is a return appropriate to the designated period, and
b
that any necessary amendments have been made to any other return delivered by the company that are required to give effect to the conclusions stated in the closure notice,
they may, within the following period of 30 days, by notice to the company make such amendments of that return or those returns as they consider necessary.
3
An appeal may be brought against any such amendment of a company’s return.
4
Notice of appeal must be given—
a
in writing,
b
within 30 days after the amendment was notified to the company,
c
to the officer of the Board by whom the notice of amendment was given.
5
In this paragraph “the designated period” means the period designated in the closure notice.